Automotive Properties Real Est Invt TR (TSE:APR.UN) Receives C$12.50 Consensus Price Target from Analysts

Automotive Properties Real Est Invt TR (TSE:APR.UN) has received an average recommendation of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$12.57.

Several research firms have recently weighed in on APR.UN. Raymond James raised their target price on Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 in a research report on Friday, September 6th. BMO Capital Markets lifted their target price on shares of Automotive Properties Real Est Invt TR from C$11.50 to C$12.00 in a research note on Monday, August 19th. Royal Bank of Canada increased their target price on shares of Automotive Properties Real Est Invt TR from C$11.50 to C$12.50 in a research report on Monday, August 19th. TD Securities boosted their price target on shares of Automotive Properties Real Est Invt TR from C$11.00 to C$12.00 and gave the stock a “hold” rating in a research report on Wednesday, September 4th. Finally, Canaccord Genuity Group upped their price target on Automotive Properties Real Est Invt TR from C$11.50 to C$12.50 and gave the company a “buy” rating in a research report on Tuesday, July 30th.

Automotive Properties Real Est Invt TR Trading Down 0.7 %

APR.UN stock opened at C$12.00 on Wednesday. Automotive Properties Real Est Invt TR has a 12-month low of C$9.69 and a 12-month high of C$12.15. The business’s 50-day moving average is C$10.61 and its 200 day moving average is C$10.27. The company has a current ratio of 2.24, a quick ratio of 0.02 and a debt-to-equity ratio of 78.62. The stock has a market cap of C$588.60 million, a price-to-earnings ratio of 7.89 and a beta of 0.90.

Automotive Properties Real Est Invt TR Company Profile

Automotive Properties REIT is an unincorporated, open-ended real estate investment trust focused on owning and acquiring primarily income-producing automotive dealership properties located in Canada. The REIT's portfolio currently consists of 54 income-producing commercial properties and one development property, representing approximately two million square feet of gross leasable area, in metropolitan markets across Ontario, Saskatchewan, Alberta, British Columbia and Québec.